Cormark Forecasts Canada Nickel’s FY2025 Earnings (CVE:CNC)

Canada Nickel Company Inc. (CVE:CNC) – Equities research analysts at Cormark upped their FY2025 earnings per share (EPS) estimates for shares of Canada Nickel in a report issued on Wednesday, January 8th. Cormark analyst S. Ioannou now forecasts that the company will earn ($0.03) per share for the year, up from their prior forecast of ($0.04). The consensus estimate for Canada Nickel’s current full-year earnings is ($0.04) per share.

Canada Nickel Trading Up 1.2 %

CNC opened at C$0.84 on Monday. The firm has a market capitalization of C$152.22 million, a P/E ratio of -14.00 and a beta of 2.31. The firm’s 50 day moving average is C$0.95 and its 200-day moving average is C$1.03. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.13. Canada Nickel has a 52-week low of C$0.82 and a 52-week high of C$2.24.

Insider Buying and Selling

In other news, Senior Officer Stephen James Balch sold 123,996 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of C$0.87, for a total transaction of C$107,876.52. 14.82% of the stock is currently owned by insiders.

About Canada Nickel

Canada Nickel Company Inc, together with its subsidiaries, engages in the exploration, discovery, and development of nickel sulphide assets. It also develops zero-carbon production of nickel, cobalt, and iron. Its flagship project is the Crawford Nickel project located in northern Ontario, Canada. It serves electric vehicle, green energy, and stainless steel markets.